Archive · 7 Oct 2026
ED Alleges ₹200 Crore CSR Funds Routed Through Trusts
The Enforcement Directorate is investigating how some companies’ charity funds were handled.
The agency says trusts received money meant for corporate social responsibility projects.
It alleges that much of the money was then returned to the companies in cash, after a commission was kept.
The ED says about ₹200 crore passed through this arrangement.
At least 40 public sector organizations and banks are reported to have donated to the trusts.
The agency also says some projects were incomplete or not carried out as planned.
On October 1, investigators searched eight places in four regions.
They seized records and ₹21 lakh in unaccounted cash.
These are allegations from a preliminary investigation.
The Enforcement Directorate alleges that about ₹200 crore in CSR funds was routed through trusts operated by the accused.
According to the agency, donations from companies were substantially returned in cash after commissions were deducted.
At least 40 public sector undertakings and public sector banks allegedly donated to the trusts.
The ED conducted searches at eight locations across Maharashtra, West Bengal, Gujarat and Delhi-NCR on October 1.
The searches yielded transaction evidence and ₹21 lakh in unaccounted cash, the agency said.
- Who
- The Enforcement Directorate is investigating trusts operated by the accused, including a person identified as Chandradev; at least 40 PSUs and public sector banks are said to have donated.
- What
- The ED alleges that CSR donations were routed through trusts and substantially returned to contributors in cash after commissions.
- When
- Searches took place on October 1; the article does not specify the year.
- Where
- Searches were conducted across Maharashtra, West Bengal, Gujarat and Delhi-NCR.
- Why
- The ED says the arrangement was used to convert accounted corporate funds into unaccounted cash.
- Alleged funds routed
- About ₹200 crore
- Donors identified by ED
- At least 40 PSUs and public sector banks
- Search date
- October 1; year not specified
- Search locations
- Eight locations across Maharashtra, West Bengal, Gujarat and Delhi-NCR
- Cash seized
- ₹21 lakh in unaccounted cash
- Investigation status
- Preliminary investigation, according to the article